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The effect of disinformation about COVID-19 on consumer confidence: Insights from a survey experiment.

ABSTRACT: Although the COVID-19 pandemic was accompanied by an infodemic about the origin of the virus and effectiveness of vaccines, little is known about the causal effect of this disinformation on the economy. This article fills in this void by examining the effects of disinformation about COVID-19 vaccines on consumer confidence by means of an original survey experiment in Dutch speaking communities of Belgium. Our findings show that the information set that impacts consumer confidence is much broader than previously assumed. We show that disinformation changes the perception of the effectiveness of vaccines which in turn indirectly impacts the future economic outlook, measured by the metric consumer confidence. Moreover, we find that the above effects are larger for respondents exposed to disinformation that is framed as containing 'scientific evidence' compared to 'conspiracy frames'.

SUBMITTER: Balcaen P

PROVIDER: S-EPMC9733969 | biostudies-literature | 2023 Feb

REPOSITORIES: biostudies-literature

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The effect of disinformation about COVID-19 on consumer confidence: Insights from a survey experiment.

Balcaen Pieter P Buts Caroline C Bois Cind Du CD Tkacheva Olesya O

Journal of behavioral and experimental economics 20221209

Although the COVID-19 pandemic was accompanied by an infodemic about the origin of the virus and effectiveness of vaccines, little is known about the causal effect of this disinformation on the economy. This article fills in this void by examining the effects of disinformation about COVID-19 vaccines on consumer confidence by means of an original survey experiment in Dutch speaking communities of Belgium. Our findings show that the information set that impacts consumer confidence is much broader ...[more]

PMID: 36531665

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Project description:BackgroundAt a time when a highly contagious pandemic and global political and economic turmoil are intertwined, worldwide cooperation under the leadership of an international organization has become increasingly important. This study aimed to estimate the effect of COVID-19 on public confidence in the World Health Organization (WHO), which will serve as a reference for other international organizations regarding the maintenance of their credibility in crisis management and ability to play a greater role in global health governance.MethodsWe obtained individual data from the World Values Survey (WVS). A total of 44,775 participants aged 16 and older from 40 countries in six WHO regions were included in this study. The COVID-19 pandemic was used as a natural experiment. We obtained difference-in-differences (DID) estimates of the pandemic's effects by exploiting temporal variation in the timing of COVID-19 exposure across participants interviewed from 2017 to 2020 together with the geographical variation in COVID-19 severity at the country level. Public confidence in the WHO was self-reported by the respondents.ResultsAmong the participants, 28,087 (62.73%) reported having confidence in the WHO. The DID estimates showed that the COVID-19 pandemic could significantly decrease the likelihood of people reporting confidence in the WHO after controlling for multiple covariates (adjusted OR 0.54, 95% CI: 0.49-0.61), especially during the global outbreak (0.35, 0.24-0.50). The effect was found in both younger individuals (0.58, 0.51-0.66) and older adults (0.49, 0.38-0.63) and in both males (0.47, 0.40-0.55) and females (0.62, 0.53-0.72), with a vulnerability in males (adjusted P for interaction = 0.008).ConclusionOur findings are relevant regarding the impact of COVID-19 on people's beliefs about social institutions of global standing, highlighting the need for the WHO and other international organizations to shoulder the responsibility of global development for the establishment and maintenance of public credibility in the face of emergencies, as well as the prevention of confidence crises.

Dataset Information

The effect of disinformation about COVID-19 on consumer confidence: Insights from a survey experiment.

Publications

The effect of disinformation about COVID-19 on consumer confidence: Insights from a survey experiment.

Similar Datasets

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